Most brokerage stocks close higher defying extended losses in broader market
Upstox
2 min read • Updated: April 16, 2024, 5:48 PM
Summary
A few brokerage stocks extended losses on Tuesday as benchmark indices, SENSEX and NIFTY, closed in the red for the third session in a row.
Most of the brokerage stocks closed in the green on Tuesday, April 16, despite volatility in the broader market amid weak global trends.
Benchmark indices, SENSEX and NIFTY closed lower extending the losses for third straight day due to volatility triggered in the broader market by several global factors. The key indices closed in the red due to losses in global equities caused by tension the Middle East, mixed cues from China’s economic data and fading hopes of US rate cut.
NIFTY closed at 22,147.9 level, down 0.56% or 124.60 points. BSE Sensex mirrored a similar trend closing at 72,943.68 points, down 0.62% or 456.19 points.
Here is a quick recap of the performances of top brokerage stocks on Tuesday.
ICICI Securities Limited: The stock continued its losing streak, dipping another 1.14% from Monday's level. The shares closed at ₹712.3 apiece on the NSE.
Dolat Algotech Limited: Dolat Algotech shares jumped over 7.7% to close at ₹95 apiece on the NSE, after hitting an intraday high of ₹98.65.
Nuvama Wealth Management Limited: The stock extended the losses for second straight day and closed 1.87% lower at ₹5,191.75 apiece on the NSE.
SMC Global Securities Ltd: The brokerage stock closed 2% higher at ₹140.9 apiece on the NSE.
Geojit Financial Services Limited: Geojit Financial Services shares closed at ₹79.45, down 0.44% on the NSE.
Monarch Networth Capital Limited: Shares of Monarch Networth Capital dropped 1.78% to ₹577.9 at close, extending the losing streak for the third straight day.
IIFL Securities Limited: The stock closed 2.5% higher at ₹137.4 apiece on the NSE ending the three-day downward run.
Angel One Limited: Angel One shares mostly remained flat during the day and closed 0.7% higher at ₹2,855 on the NSE.
5Paisa Capital Limited: Shares of the stock broking firm gained 0.33% to end in the green at ₹540 per piece.
Anand Rathi Wealth Limited: Shares of Anand Rathi Wealth snapped two-day gaining streak to close 2.09% lower at ₹4,098.8 apiece on the NSE.
Motilal Oswal Financial Services Limited: The scrip closed with a gain of 2.83% at ₹2,046 apiece on the NSE recovering its losses in the previous session.